DG3 has acquired Leycol Printers, a move funded through the backing of Resilience Capital Partners. It will lead to the closure of Leycol’s London E3 factory and the division of the business between DG3’s Dagenham and Gillingham sites.
The Leycol site, its home for more than 30 years, is close to the Bow flyover in an area where residential development is extensive. When it moved here, almost the only other new building was a nearby branch of Tesco.
This is the ninth acquisition in the past two years for the worldwide print group. Its costs are met through the Resilience Fund IV which raised $350 million of investable capital. Resilience Capital Partners, a US private equity firm, acquired DG3 in June last year.
Steven Rosen, co-CEO of Resilience Capital Partners, says: “The complementary strengths that DG3 and Leycol Printers bring to their new relationship will increase their competitiveness, diversify their markets and strategically position them as digital printing processes become an increasingly important part of the landscape. There is tremendous upside in this market for a company with the reputation and capabilities that DG3 and Leycol Printers bring.”
A 12-colour Speedmaster will be moved to Gillingham while digital will shift to Dagenham. Leycol also has extensive mailing equipment to expand DG3’s offerings. Leycol’s reputation in the fine art market and among designers (it has printed for the Typographic Circle among others) will add to a growing aspect of DG3’s portfolio begun with the earlier acquisition of FS Moore. That brand remains and it is likely that Leycol’s name will be retained, though there have been no announcements.
Likewise there has been no announcement about the financial details of the deal. Gary Wilson, managing director of Leycol, anticipates strong benefits from the deal: “The combined business will position DG3 as one of the UK’s largest financial, commercial and fine art printing companies. Together, as a one-stop shop offering digital print, mailing and cross-media capabilities, we will be able to continue meeting our clients’ existing requirements and, at the same time, offer them an extensive range of new digital products and services.”
Leycol will move from its Bow home of 30 years to DG3's plants in Dagenham and Gillingham. And where Leycol had opted for Fujifilm plates and pressroom products, DG3 has been firmly wedded to Agfa.
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